UnknownUnicorn15614419

USDCAD: falls into the breakdown zone

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
For two and a half months (starting from December last year) the price has been keeping a fairly calm, even movement. During this movement, a direct channel was formed between the levels 1.286 and 1.269 - this is the main price movement. However, the price will periodically break through these levels. And new points are formed at the highs of the breakouts - for the upper border of the channel, this is the breakdown level of 1.290. For the lower border - 1.260.
Now the price is just at the lower border of the channel and further (a slight correction is possible) it will break through the channel and go down to the lower breakout border - 1.262.

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